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re: Bitcoin specific Trojan virus labeled #1 cyber threat in world
Posted on 4/23/13 at 10:08 am to BennyAndTheInkJets
Posted on 4/23/13 at 10:08 am to BennyAndTheInkJets
And BOOOOOOOOOM goes the dynamite. Benny has forgotten more about economics and currencies than most of us will ever know, and he basically just gave bitcoin 2 thumbs down bitches
1
Posted on 4/23/13 at 10:16 am to BennyAndTheInkJets
quote:
No matter what algorithms and "mining" takes place, the price is still a function of propaganda.
fify.
It's a scam to enrich the creators and early adopters.... all at the expense of those gullible enough to beleive in something that's promoted as 'anti-governement' and as a 'technological triumph.' However, the deflationary economic model of bitcoin is astonishingly stupid.
eta... spelling
This post was edited on 4/23/13 at 10:24 am
Posted on 4/23/13 at 10:20 am to Vols&Shaft83
quote:
Benny has forgotten more about economics
Cough
Posted on 4/23/13 at 10:23 am to LSURussian
What kind of lame gets infected with a trojan these days?
Posted on 4/23/13 at 10:52 am to joshnorris14
quote:Apparently over 1,000,000 users since January 1 of this year.
What kind of lame gets infected with a trojan these days?
Did you not read the article I linked?
ETA: Another article I read earlier today about the ZEROAccess virus said one version of the Trojan is especially effective. Because the bitcoin code is open source, the virus authors have figured out a way to attach the virus to the confirmation string of codes link for someone who has just exchanged btc or bought or sold something with using bitcoin.
If anyone clicks on the bitcoin code (don't frickin' lecture me on the proper terminology for the bitcoin code, IDGAF what the code is called), the virus is automatically loaded into the users root directory. Android users are especially vulnerable to this method of obtaining the virus on their device. The beauty of this is the virus is loaded onto a person's device who is confirmed to be a bitcoin owner or buyer or seller. You've got to admire the genius of that approach to stealing the "safe and secure" bitcoins we keep reading about on this board. Especially when the virus authors use the professed strength of bitcoin, its open source transparency, and exploit it to their benefit.
This post was edited on 4/23/13 at 11:23 am
Posted on 4/23/13 at 11:25 am to LSURussian
I am shocked and astonished at your blatant hate for bitcoin.
Posted on 4/23/13 at 11:46 am to LSURussian
I've said all along that the confirmation process is the weaknees of the Bitcoin system. It must be performed in order to validate all transactions, and it contains a history of transactions invloving the Bitcoins being used for the pending transaction. Hackers being able to intercept and corrupt this information is not a surprise. Why should anyone expect the creators of Bitcoin to be able to establish a hack-proof system when nobody else has been able to do so? Wiki can spout all of the technical advances Bitcoin supposedly brings, but he can't escape human nature to figure out a way to steal things of value.
The one saving grace is that theft by hackers will reduce the value of Bitcoins, and make the thieves' efforts less lucrative as people avoid Bitcoins due to the risk of theft.
The one saving grace is that theft by hackers will reduce the value of Bitcoins, and make the thieves' efforts less lucrative as people avoid Bitcoins due to the risk of theft.
Posted on 4/23/13 at 1:10 pm to LSURussian
Here's an interesting question. Is any of this business actually illegal? If it is, who would prosecute and how?
Bitcoin could be presenting the first cases in history of wealth being stolen legally by non-gov entities.
Bitcoin could be presenting the first cases in history of wealth being stolen legally by non-gov entities.
Posted on 4/23/13 at 1:18 pm to ZereauxSum
quote:I believe you could make the case that this would be a form of identity theft. Think of it as the same as gaining a password or PIN to a bank account or credit card.
Here's an interesting question. Is any of this business actually illegal? If it is, who would prosecute and how?
The problem is that the thief could be outside any jurisdiction that the victim could realistically complain to. Thus, the crime may go unpunished for other reasons, but technically a crime was committed.
Posted on 4/23/13 at 1:22 pm to ZereauxSum
quote:
Bitcoin could be presenting the first cases in history of wealth being stolen legally by non-gov entities.
Criminals stealing from criminals.
Sounds okay to me.....
Posted on 4/23/13 at 6:30 pm to Lsut81
quote:Or something similar
Maybe they should adopt prudentials logo?
Posted on 4/23/13 at 7:24 pm to NC_Tigah
Posted on 4/23/13 at 7:53 pm to NC_Tigah
Posted on 4/23/13 at 8:03 pm to LSURussian
quote:
Bitcoin specific Trojan virus labeled #1 cyber threat in world
If a bitcoin trojan virus is the #1 cyber threat in world then I will sleep easier at night knowing that, cyberly speaking, there ain't much to worry about
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